FNF Group of Fidelity National Financial, Inc. (FNF) Social Stream
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$FNF Had the best 3rd quarter revenue and earnings since 2003! They reported $3 billion revenue over last years $2.1. Also FNF had their 3rd sequential quarter over quarter earnings increase; 40% over previous quarter. Refinance mortgage orders up 83% over last year. Commercial real estate is still down but improved orders over last years. Announced a $500 million share buyback program.Alphasearch, published November 24, 2020
Some potential reasons why stock is not going up. MBA Mortgage applications were down 3% following a 1% decline last week, however still 16% above last year. Some of the revenue this quarter was revenue from last quarter that was delayed, however last quarter was huge. IMO it is Covid and the concern that home buying will slow down further and with Democrats going to spend money; we might see interest rates climb. I am going to hold since we get paid $4.24%.
Holding just under 4K shares